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The following sections are included: <ul><li class="bullet">Introduction</li><li class="bullet">Microfinance and Economic Development</li><li class="bullet">Indian Microfinance and the Impact of Commercialization</li><li class="bullet">Minsky's ¡°Financial Instability¡± Hypothesis</li><li class="bullet">Data and Econometric Methodology</li><li class="bullet">Results and Policy Implications</li><li class="bullet">Conclusions</li><li class="bullet">References</li></ul><p> <form name="frmAbs" action="" style="visibility:hidden;"> <input name="href" value="/doi/abs/10.1142/9781783262991_0003" type="hidden"> <input name="title" value="Endogenous Fragility in Microfinance: Evidence from India)" type="hidden"> <input name="doi" value="10.1142/9781783262991_0003" checked="checked" type="checkbox">
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This paper contributes to the literature on monetary policy responses in emerging economies to international financial crises. Such an issue is especially relevant for these countries insofar as they tend to be more unstable than developed countries. In addition, they suffer from larger...
Persistent link: https://www.econbiz.de/10010729850
This paper analyzes the under-investigated relationship uniting financial development and income distribution. We use a novel approach taking into account for the first time the specific channels linking banks, capital markets and income inequality, the time-varying nature of the relationship,...
Persistent link: https://www.econbiz.de/10009142860
This paper evaluates the domestic and international impacts of lowering short-term interest rates and increasing budget spending on several indicators of liquidity, volatility, credit and economic activity. Data from the 2003–2011 period in the United States, the Euro zone and Canada were used...
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